President Xi Jinping will use his state visit to Moscow this week to showcase his tight ties with Russian counterpart Vladimir Putin, and capitalize on a trade war that’s isolating Washington.During his four-day trip starting Wednesday, Xi will hold his first in-person talks with President Putin since Donald Trump unleashed America’s highest tariffs in a … Read more
Investor Warren Buffett told thousands of Berkshire Hathaway shareholders Saturday that the United States shouldn’t use “trade as a weapon” and anger the rest of the world like President Donald Trump has done with his tariffs that roiled global markets.. “It’s a big mistake in my view when you have 7.5 billion people who don’t … Read more
The United States on Friday ended a tariff exemption for goods shipped from China worth less than $800, dealing a major blow to popular e-commerce sites such as Shein and Temu, whose cheap items consumers have come to rely on.The decision was announced last month, with the White House calling it a “critical step in … Read more
Ryanair would look for an alternative aircraft supplier if U.S. tariffs materially affect the price of planes it has ordered from Boeing, chief executive Michael O’Leary said in a letter on Thursday, adding that he would consider Chinese planemaker COMAC. “If the US government proceeds with its ill-judged plan to impose tariffs, and if these … Read more
American businesses are cancelling orders from China, postponing expansion plans and hunkering down to see what trade policy surprises President Donald Trump plans to spring on them next. The president’s massive and unpredictable taxes on imports seem likely to mean emptier shelves and higher prices for American shoppers, perhaps within weeks. And the higher costs … Read more
Risks are high that the global economy will slip into recession this year, according to a majority of economists in a Reuters poll, in which scores said U.S. President Donald Trump‘s tariffs have damaged business sentiment. Just three months ago, the same group of economists covering nearly 50 economies had expected the global economy to … Read more
Foreign investors have infused Rs 17,425 crore in the country’s equity markets last week, supported by a combination of favourable global cues and strong domestic macroeconomic fundamentals. This came following a net investment of Rs 8,500 crore in the preceding holiday-truncated week ended April 18. Globally, steady performances in major markets, expectations of a pause … Read more
After a lot of back-and-forth action, Trump‘s tariff dampener that iced up world trade — and especially all trade between the US and China — may finally have shown signs of a thaw on some critical frontiers, Goldman Sachs Group has noted.China, the leading producer of plastics globally, may consider exempting imports of petrochemical feedstocks … Read more
In coming to grips with the second term of President Donald Trump, many of us made the mistake of assuming — hoping? — that he was just “trash-talking” the world, like a boxer needling his opponents in the ring. That he didn’t really mean the outrageous things he said. Of course Trump would never annex … Read more
Indian markets posted a strong rebound in the holiday-shortened three-day trading week, with benchmark indices rallying over 4.5% on the back of positive cues from both domestic and global fronts. The Nifty and Sensex closed near their weekly highs at 23,851.65 and 78,553.20, respectively, supported by optimism over tariff deferrals, product exemptions, easing retail inflation, … Read more